Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
'It's a disaster': Here are top 10 Bay Area neighborhoods with the highest non-renewal rates
The California FAIR Plan has doubled in size since 2015, now accounting for roughly half a million policyholders across the ...
Insurance Insider5d
Farmers pegs its California wildfire losses at $1.60bn-$2.15bn
Farmers Insurance Group issued its initial California wildfire loss report last week, pegging losses at $1.60bn to $2.15bn, ...
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
Los Angeles Daily News2d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
See also: Anguished homeowners struggle to keep their insurance However, it’s not yet clear if the FAIR Plan needs to invoke these payment mechanisms. “We have not yet asked the California ...
JD Supra4d
What You Need to Know about the California Fair Access to Insurance Requirements Plan (FAIR Plan)
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
Insurancenewsnet.com3d
FAIR Plan gets 4,400 claims from LA wildfire victims
Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state "s insurer of last resort, allowing it to tap into“ re-insurance” payments from ...